1. Group 1
Angga Darmawan
Azaria Zakiah
Belda Nurmeyna
Gina Nurfitriani
Hapsari
Rika Fitriani
Zodick Saputra

2. • the path from the rural South to the upper echelons of
Wall Street is not heavily traveled. Indeed, E. Stanley
O’Neal (HBS-MBA ’78) is surely the only person who has
made the journey from the fields of Wedowee, Alabama
— where he labored on his grandfather’s farm picking
corn and cotton — to the 32nd floor of Merrill Lynch
headquarters at Manhattan’s World Financial Center.

3. • As president of Merrill’s U.S. Private Client Group,
O’Neal oversees sixteen thousand brokers — or financial
advisors, as he calls them — in eight hundred branch
offices. Also an EVP and a member of the Merrill Lynch
Executive Management Committee, O’Neal is one of the
firm’s top officers and is frequently mentioned as being
on the shortlist to be the next chairman of the 150-year-
old firm.

4. • During the fifteen years he has worked at Merrill, O’Neal
has proved himself again and again, moving from various
positions in different divisions of the firm — financial
services, global capital markets, investor strategies,
corporate and institutional clients, and corporate
services. In 1998, Merrill chairman and CEO David H.
Komansky (107th AMP) asked him if he’d consider being
CFO.
• After two years as CFO, O’Neal rose to his current post,
making him the first-ever nonbroker to head the firm’s
brokerage business.

5. • He was become one of the highest-ranking African
Americans on Wall Street
• He has taken criticism for his performance during his
reign as chief executive at Merrill Lynch, and the
deterioration of the firm's stability and capital position.[1]
During the final hearings prior to the Bank of America
merger, numerous people – including a founder's son,
Win Smith – laid the blame on O'Neal for the firm's
downfall and loss of independence.[2]

6. • When he came to power, he attempted to get rid of the
'Mother Merrill' culture of job security, arguing that it
promoted cronyism instead of merit. He also wanted to
transform Merrill into a trading powerhouse, and beat
Goldman Sachs at its own game. He promoted loyalists
like Osman Semerci, who shared his vision. The new
team plowed into the mortgage-backed CDO market on a
massive scale; Merrill was one of the top CDO
underwriters of the boom era. Initially this plan brought
huge bonuses to Merrill, but when the market turned,
trouble brewed.[9]

7. • During August and September 2007, as the sub-prime crisis
swept through the global financial market, Merrill Lynch
announced losses of $8 billion. O'Neal realized that he had
steered Merrill Lynch into the disastrous sub-prime arena, and
was responsible for the losses.[9][10] As the crisis worsened,
O'Neal approached Wachovia Bank about a possible merger,
without first obtaining the approval of Merrill's Board of
Directors, which led to his ouster.[11] O'Neal walked away with
a golden parachute compensation package that included
Merrill stock and options valued at $161.5 million at the
time.[12] The board hired John Thain to replace O'Neal,
believing that he could save the business. A year later, he did
the same thing O'Neal had planned to do; sold the company.
This time, though, it was for a much lower price, and he sold it
to Bank of America.

8. • O'Neal is said to have an "abrasive" personality. CNBC
includes O'Neal in their list of "Worst American CEOs of
All Time".[10] When Thain arrived at Merrill he scrapped
O'Neal's practice of having the security guards always
hold an entire elevator bank open excusively for him.[14]
In The New York Times Magazine on April 18, 2010,
O'Neal was described as one of the "feckless dolts" who
helped precipitate the financial crisis of 2007.

9. • http://www.alumni.hbs.edu/bulletin/2001/june/profile.html
• http://en.wikipedia.org/wiki/Stanley_O%27Neal

10. • Arrogant
• Ruthless
• Aggressive
• Autocratic
• Individualism
• Introvert
• Loner

11. • Patrick & Zakaria, play active role
• Patrick & Zakaria major players in
Helping O’Neal cut Jobs and
improving the Firm’s profitability
• Patrick & Zakaria Backstabed
O’Neal by secretly lobbying board
members

12. • Destroy ―Mother Merrill‖ culture
• Transform Merrill into a trading power house (4,5 Billion)
• Subprime Mortgage Crisis, Losses (8 Billion)
• Bad communication between The CEO and The board
Member

14. • Brave enough to cut employees in purpose to cut the
wasting cost. So the profit of company would be
increased.
• Took any decisions by his own perspective. This is
because of his background history as the son of former
slaves. So that, he didn’t want to be controled by anyone
and it effects to thr performance of organization is lose of
income.

15. • We disagree with Patrick and Zakaria because their
action were for their own benefit not for the company.
• By secretly lobbying the board member to replace
O’Neal. They ruined relationship between the board
member and O’Neal also their own relationship with
O’Neal.